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Cable Update (GBPUSD)

  • #779,841
  • Oct 3, 2023 9:28am Oct 3, 2023 9:28am
Quoting JackintheBox
Missed the short at 1.2090. Was obvious, that USD will we sold all over the board, that was the soar up. I could have shorted it at 1.2085 but I did not like that anymore.
2nd short worked out. BOJ seems to bound it now to 149. So GBP/USD was not able to climb up more. Was a bit risky to take the 2nd 1.2090 short but I expected BOJ will not let big moves going on. May be later one more long, currently 1.2075.
  • #779,842
  • Oct 3, 2023 9:28am Oct 3, 2023 9:28am
im gona add a long if this hourly candle closes above the low

if it closes green in an hour ill add more than one longs

bad news for GU at the lows means its boolish LOL


time to squeeze those shorts
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short trump and go long the deepstate
  • #779,843
  • Oct 3, 2023 9:30am Oct 3, 2023 9:30am
I'm looking at UJ lol.
I kinda wanna see what it'll happen in the next few hours.
Exhausted
  • #779,844
  • Oct 3, 2023 9:31am Oct 3, 2023 9:31am
Quoting Elysion
{quote} They might not last. Price always bounced back to what it wants to do most of the time. Idk :/
exactly, bounce back and drop again
  • #779,845
  • Oct 3, 2023 9:31am Oct 3, 2023 9:31am
Quoting pipfarm
300 pip drop on UJ wow those japs are pissed off
I have a feeling that BOJ also sells Yen before. I have seen that behavior ago. So the question is, who is really pushing it up the last 100 pips before the drop.... The like to frighten people. Now they (BOJ) have to pay the price to keep the yen at 1.49 area. I wonder how their balance sheet for last 3 days looks like. I think they are quite smart so they earned money on that move (s) but no matter what, the yen will decline more probably. Japan is not the power anymore like in the 90's and 2000's.
  • #779,846
  • Oct 3, 2023 9:35am Oct 3, 2023 9:35am
Uj shorts is killing it. Boj intervention
More time in the market, does not mean you trade better!
  • #779,847
  • Oct 3, 2023 9:38am Oct 3, 2023 9:38am
i dont like clint eastwood but time for bools to get plain mad dog mean right now


Inserted Video
short trump and go long the deepstate
  • #779,848
  • Oct 3, 2023 9:39am Oct 3, 2023 9:39am
Quoting Elysion
{quote} Yes. Good place to re-enter long Spicy H1 wick. Look at that bull momentum.
you got it right.
Intraday only.
  • #779,849
  • Oct 3, 2023 9:39am Oct 3, 2023 9:39am
Quoting Fardeen1209
Uj shorts is killing it. Boj intervention
Yeah, here you can see real power on the market, just forced it down 70 pips in a minute lol. Hurted all longs who just bought above 149 area few minutes ago. Let's see if anyone else will have the guts to go again today against BOJ... They showed now: 149 is the mark... which means GBP/USD sideways now. I should quit for today. Else I risk my wins.
  • #779,850
  • Oct 3, 2023 9:40am Oct 3, 2023 9:40am
Quoting JackintheBox
{quote} I have a feeling that BOJ also sells Yen before. I have seen that behavior ago. So the question is, who is really pushing it up the last 100 pips before the drop.... The like to frighten people. Now they (BOJ) have to pay the price to keep the yen at 1.49 area. I wonder how their balance sheet for last 3 days looks like. I think they are quite smart so they earned money on that move (s) but no matter what, the yen will decline more probably. Japan is not the power anymore like in the 90's and 2000's.
IIRC their USD reserve is still huge though.
But given that this is the 2nd or 3rd? (can't remember) intervention, that definitely doesn't look good for the balance sheet.
Their monetary policy is the key problem of Yen weakness but idk why they still insist keeping it extremely soft.
Exhausted
  • #779,851
  • Oct 3, 2023 9:41am Oct 3, 2023 9:41am
Almost every currency is ranging right now.
No solid direction.
Exhausted
  • #779,852
  • Oct 3, 2023 9:43am Oct 3, 2023 9:43am
Quoting JackintheBox
{quote} Yeah, here you can see real power on the market, just forced it down 70 pips in a minute lol. Hurted all longs who just bought above 149 area few minutes ago. Let's see if anyone else will have the guts to go again today against BOJ... They showed now: 149 is the mark... which means GBP/USD sideways now. I should quit for today. Else I risk my wins.
It'll take some time to settle down but yeah sidelines is the best choice if the PA has high uncertainty.
Exhausted
  • #779,853
  • Oct 3, 2023 9:43am Oct 3, 2023 9:43am
Quoting Elysion
Almost every currency is ranging right now. No solid direction.
the last 5 min. of this hour should determine direction
short trump and go long the deepstate
  • #779,854
  • Oct 3, 2023 9:43am Oct 3, 2023 9:43am
Quoting JackintheBox
{quote} Yeah, here you can see real power on the market, just forced it down 70 pips in a minute lol. Hurted all longs who just bought above 149 area few minutes ago. Let's see if anyone else will have the guts to go again today against BOJ... They showed now: 149 is the mark... which means GBP/USD sideways now. I should quit for today. Else I risk my wins.
Agreed, I also stayed away from UJ for a while, but I think this fall not yet done, more to come, institution will take profit
More time in the market, does not mean you trade better!
  • #779,855
  • Oct 3, 2023 9:44am Oct 3, 2023 9:44am
London close in 20 minutes. After that we will (probably really) see what the target is. They just squeezed the shorts on USD/YEN (probably BOJ also). I think GBP/USD will not benefit going up from here because of keeping USD/YEN below 149. Concentration will now be on USD/YEN, less on USD solely. Too expensive probably for BOJ but they set their mark.
  • #779,856
  • Oct 3, 2023 9:46am Oct 3, 2023 9:46am
Quoting JackintheBox
London close in 20 minutes. After that we will (probably really) see what the target is. They just squeezed the shorts on USD/YEN (probably BOJ also). I think GBP/USD will not benefit going up from here because of keeping USD/YEN below 149. Concentration will now be on USD/YEN, less on USD solely. Too expensive probably for BOJ but they set their mark.
121-12120 maybe as a top end of GU helped mainly by BoJ dumping the USD
Insane in the Brain..
  • #779,857
  • Oct 3, 2023 9:47am Oct 3, 2023 9:47am
Going for a long on usdjpy , looked like a stop hunt , stop loss below that wick . Closed my aud shorts in great profit and will risk that for this trade
Master your mind. Master Trading.
  • #779,858
  • Oct 3, 2023 9:48am Oct 3, 2023 9:48am
You will go up mf
All those fancy smency will not help you to shake me
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yes yes yes
  • #779,859
  • Oct 3, 2023 9:51am Oct 3, 2023 9:51am
Quoting BeeTogether
{quote} 121-12120 maybe as a top end of GU helped mainly by BoJ dumping the USD
UJ is climbing back up though.
Our longs may not be safe.
Exhausted
  • #779,860
  • Oct 3, 2023 9:52am Oct 3, 2023 9:52am
if we are going up more id like to see this M15 bar (arrow) make a LH-LL
then there should be a nice diagonal for a long
Still lots H4 Resistance though
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in wondering about yourself, you forgot what you came here to be part of
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